📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $Affirm(AFRM.US) Affirm and CPP Investments Expand Loan Purchase Agreement to $𝟏.𝟕𝐁
👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:➤ CPP Investments commits $𝟏.𝟕𝐁 to purchase Affirm installment loans.➤ Agreement includes option to increase commitment to $𝟐.𝟐𝐁.➤ Partnership expected to support approximately $𝟖𝐁 in consumer loan volume.➤ Since 𝟐𝟎𝟏𝟗, CPP Investments has purchased nearly $𝟏𝟒𝐁 of Affirm assets.➤ Affirm reported $𝟒𝟔𝐁 gross merchandise volume over the last 12 months.➤ Company serves nearly 𝟐𝟕𝐌 active consumers globally.➤ Total funding capacity reached $𝟐𝟖.𝟐𝐁 as of March 31, 2026.💬 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:“CPP Investments has been one of our most valued capital partners since the earliest days of our program, and this renewal reflects the trust and track record we've built together,” said Michael Linford, Chief Operating Officer of Affirm.“Affirm has established a leading position in a large and growing segment of consumer finance by offering transparent payment solutions that resonate with both consumers and merchants,” said Paras Vira, Managing Director, Head of Americas Structured Credit at CPP Investments.The copyright of this article belongs to the original author/organization.
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